Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Increases By 62.3%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,180 shares, a growth of 62.3% from the February 26th total of 727 shares. Based on an average trading volume of 91,759 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARTW. DRW Securities LLC bought a new position in Art’s-Way Manufacturing in the 4th quarter worth $150,000. Renaissance Technologies LLC raised its holdings in Art’s-Way Manufacturing by 94.3% during the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 60,400 shares during the period. Dimensional Fund Advisors LP raised its holdings in Art’s-Way Manufacturing by 142.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 23,983 shares during the period. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing in the third quarter valued at about $108,000. Finally, XTX Topco Ltd purchased a new position in shares of Art’s-Way Manufacturing in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Trading Down 3.6%

Shares of NASDAQ:ARTW opened at $2.13 on Friday. The stock has a 50 day moving average of $2.36 and a 200 day moving average of $2.44. The company has a market cap of $11.03 million, a PE ratio of 10.65 and a beta of 0.77. Art’s-Way Manufacturing has a 12-month low of $1.43 and a 12-month high of $4.71. The company has a current ratio of 2.30, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) EPS for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.The firm had revenue of $5.07 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.